SODIC corruption case postponed to December

Ahram Online, Wednesday 30 Nov 2011

Lawyers ask presiding judges to confirm authenticity of relevant documents; Trial set to resume late next month

A Cairo criminal court has postponed its verdict in a ‎corruption case against Six of October Development & ‎Investment Company (SODIC) until 25 December, as ‎lawyers asked presiding judges to check the authenticity ‎of documents related to the case.‎

Former housing minister Ibrahim Suleiman and former ‎SODIC chairman Magdi Rasekh – who is also father-in-‎law to ex-presidential scion Alaa Mubarak – stand ‎accused of violating laws regulating tenders and auctions. ‎Four former officials of the government-run New Urban ‎Communities Authority face similar charges.‎

Suleiman has been charged with helping Rasekh acquire ‎state land at fire-sale prices, costing the state a total of ‎LE970 million in lost revenues. Rasekh fled the country in ‎July.‎

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